Agricultural Bank Of China Limited (ABC) successfully completed the issuance of its first perpetual bond tranche for 2026 in the interbank market on August 21, raising 20 billion yuan with a coupon rate of 1.88%. This marks the lowest yield ever recorded for the bank's perpetual bond offerings, reflecting a strategic alignment with favorable market conditions.

Leveraging the recent window of relatively low bond yields, the bank adopted a market-driven issuance approach to secure an optimal rate, effectively reducing funding costs. The transaction attracted robust demand from a diverse range of investors, underscoring strong confidence in the investment value of the bank's perpetual bonds.

The proceeds from this issuance are designated to bolster the bank's Additional Tier 1 capital, which will strengthen its capital base for supporting the real economy and enhance its resilience against potential risks.